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IOC begins Madrid inspection

Updated: March 18, 2013, 4:18 PM ET
Associated Press

MADRID -- Spanish prime minister Mariano Rajoy told IOC inspectors Monday that much of the infrastructure needed for Madrid's 2020 Olympic bid is already built, emphasizing a low-cost approach at a time of financial austerity.

Rajoy welcomed the IOC's evaluation commission at the start of its four-day inspection of Madrid, which is competing against Tokyo and Istanbul.

"Madrid has a great advantage: 80 percent of the sports facilities needed to hold an Olympic Games are already built," ...

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